TRUESHARES

SPCZ

RIVERNORTH ENHANCED PRE-MERGER SPAC ETF

Why Invest in SPCZ

TRUEALPHA
RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) is an actively managed fund that invests in pre-merger securities of special purpose acquisition companies (SPACs). Also known as 'blank check companies', their business plan is to raise capital in an Initial Public Offering (IPO) and, within a specific period of time, engage in a merger or acquisition with one or more unidentified companies.

Why Invest in SPCZ

TRUEALPHA
RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) is an actively managed fund that invests in pre-merger securities of special purpose acquisition companies (SPACs). Also known as 'blank check companies', their business plan is to raise capital in an Initial Public Offering (IPO) and, within a specific period of time, engage in a merger or acquisition with one or more unidentified companies.
FUND SUMMARY

About the SPCZ ETF

Fund Details

Data as of 05/31/2024

Inception Date

July 11, 2022

CUSIP

53656G100

Primary Exchange

CBOE BZX

Ticker

SPCZ

Fund Listing

July 12, 2022

IOPV Symbol

N/A

NAV Symbol

SPCZ.NV

Expense Ratio

0.89%

30 Day SEC Yield

Fund Data & Pricing

Data as of 06/18/2024
Net Assets as of 06/18/2024
$5.14M

NAV

$26.37

Shares Outstanding

195,000

Premium/Discount Percentage

0.06%

Closing Price

$26.39

30 Day Median Bid/Ask Spread

1.17%

IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund’s NAV every fifteen seconds throughout the trading day.

FUND SUMMARY

About the SPCZ ETF

Fund Details

Data as of 05/31/2024

Inception Date

July 11, 2022

Fund Listing

July 12, 2022

Primary Exchange

CBOE BZX

Ticker

SPCZ

CUSIP

53656G100

IOPV Symbol

N/A

NAV Symbol

SPCZ.NV

Expense Ratio

0.89%

30 Day SEC Yield

Fund Materials

Fund Materials

Fund Data & Pricing

Data as of 06/18/2024
Net Assets as of 06/18/2024
$5.14M

NAV

$26.37

Shares Outstanding

195,000

Premium/Discount Percentage

0.06%

Closing Price

$26.39

30 Day Median Bid/Ask Spread

1.17%

IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund’s NAV every fifteen seconds throughout the trading day.

Historical NAV Change

Data as of 06/19/2024

Use the slider below to adjust the time period shown in the graph below.

Fund Materials

Fund Data & Pricing

Data as of 06/18/2024
Net Assets as of 06/18/2024
$5.14M

NAV

$26.37

Shares Outstanding

195,000

Premium/Discount Percentage

0.06%

Closing Price

$26.39

30 Day Median Bid/Ask Spread

1.17%

IOPV, or Indicative Optimized Portfolio Value, is a calculation disseminated by the stock exchange that approximates the Fund’s NAV every fifteen seconds throughout the trading day.

Outcome Period Values

ETF Starting NAV/Period Return

SPX Index Reference Price

Downside Buffer

Expected Upside Participation

Days Remaining

ETF Starting NAV/Period Return

SPX Index Reference Price

Downside Buffer

Expected Upside Participation

Days Remaining

/0.0%

ETF Starting NAV/Period Return SPX Index Reference Price Downside Buffer Expected Upside Participation Days Remaining
29.24 4796 10 70-72% 362

Outcome Period Values

ETF Starting NAV/Period Return

/0.0%

SP Index Reference Price

Downside Buffer

Expected Upside Participation

Days Remaining

Current Outcome Period Values

Data as of 06/19/2024

ETF Current NAV/Period Return

26.37/

SPX Period Return

Remaining Buffer

Downside Before Buffer

Remaining Outcome Period

-19279

Current Outcome Period Values

Data as of 06/19/2024
ETF Current NAV/Period Return SPX Period Return Remaining Buffer Downside Before Buffer Remaining Outcome Period
29.24 4796 10 70-72% 362

ETF Current NAV/Period Return

SPX Period Return

Remaining Buffer

Downside Before Buffer

Remaining Outcome Period

$26.37
-19279 days

Performance

Data as of 05/31/2024

3 Month

6 Month

1 Year

5 Year

Since Inception

Market Price

1.29
3.19
5.17
5.76

Fund NAV

1.60
2.93
5.41
5.78
ICE BofA US Treasuries 0-3 years
0.89
2.05
4.10
2.93

3 Month

6 Month

1 Year

5 Year

Since Inception

Market Price

1.29
3.19
5.17
5.76

Fund NAV

1.60
2.93
5.41
5.78
ICE BofA US Treasuries 0-3 years
0.89
2.05
4.10
2.93
Expense ratio: 0.89%

Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes.

Performance data quoted on this website represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed or sold in the secondary market, may be worth more or less than the original cost. Investors will incur usual and customary brokerage commissions when buying or selling shares of the exchange-traded funds in the secondary market, and that, if reflected, the brokerage commissions would reduce the performance returns. Current performance may be lower or higher than the performance shown. Shares are bought and sold at market price not net asset value and are not individually redeemable from the fund. Call 877.774.TRUE for more information. Click here to view or download the factsheet for quarter-end standardized performance.

Index performance does not represent TrueShares fund performance. It is not possible to invest directly in an index. All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. Market price performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. NAV price performance is determined using the daily calculated NAV. They do not represent the returns you would receive if you traded shares at other times. Performance figures do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or upon redemption or sale of fund shares.

The ICE BofA 0-3 Year US Treasury Index tracks the performance of US dollar denominated sovereign debt publicly issued by the US government in its domestic market with maturities less than three years.

Performance

Data as of 05/31/2024
3 Month 6 Month 1 year 5 Year Since Inception
Market Price 8.18 8.31 21.66 21.66
Fund NAV 8.27 8.12 21.66 21.65
S&P 500 10.65 10.91 26.89 26.89

3 Month

6 Month

1 Year

5 Year

Since Inception

3 Month

6 Month

1 Year

5 Year

Since Inception

Market Price

1.29
3.19
5.17
5.76

Fund NAV

1.60
2.93
5.41
5.78
ICE BofA US Treasuries 0-3 years
0.89
2.05
4.10
2.93
Expense ratio: 0.89%

Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes.

Performance data quoted on this website represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed or sold in the secondary market, may be worth more or less than the original cost. Investors will incur usual and customary brokerage commissions when buying or selling shares of the exchange-traded funds in the secondary market, and that, if reflected, the brokerage commissions would reduce the performance returns. Current performance may be lower or higher than the performance shown. Shares are bought and sold at market price not net asset value and are not individually redeemable from the fund. Call 877.774.TRUE for more information. Click here to view or download the factsheet for quarter-end standardized performance.

Index performance does not represent TrueShares fund performance. It is not possible to invest directly in an index. All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. Market price performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. NAV price performance is determined using the daily calculated NAV. They do not represent the returns you would receive if you traded shares at other times. Performance figures do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or upon redemption or sale of fund shares.

The ICE BofA 0-3 Year US Treasury Index tracks the performance of US dollar denominated sovereign debt publicly issued by the US government in its domestic market with maturities less than three years.

Distribution Detail

Ex-Date Record Date Payable Date Amount Rate Type
12/29/2022 12/30/2022 01/03/2023 0.056 Ordinary Income
12/27/2023 12/28/2023 12/29/2023 0.731 Ordinary Income
12/27/2023 12/28/2023 12/29/2023 0.411 Short-Term Capital Gains
12/27/2023 12/28/2023 12/29/2023 0.147 Long-Term Capital Gains

Top 10 Holdings

Data as of 06/20/2024
% of Net Assets 7.01%
Name First American Treasury Obligations Fund 01/01/2040
Ticker FXFXX
CUSIP 31846V328
Shares Held 360,603
Market Value 360,603.21
% of Net Assets 4.76%
Name Golden Star Acquisition Corp
Ticker GODN
CUSIP G4023C101
Shares Held 22,652
Market Value 244,641.60
% of Net Assets 4.22%
Name Four Leaf Acquisition Corp
Ticker FORL
CUSIP 35088F107
Shares Held 19,934
Market Value 216,881.92
% of Net Assets 4.17%
Name Global Lights Acquisition Corp
Ticker GLAC
CUSIP G3937F101
Shares Held 20,802
Market Value 214,468.62
% of Net Assets 4.16%
Name Inflection Point Acquisition Corp II
Ticker IPXX
CUSIP G4790U102
Shares Held 20,260
Market Value 214,148.20
% of Net Assets 4.14%
Name Bukit Jalil Global Acquisition 1 Ltd
Ticker BUJA
CUSIP G1676M105
Shares Held 19,934
Market Value 213,094.46
% of Net Assets 4.01%
Name Trailblazer Merger Corp I
Ticker TBMC
CUSIP 89278D109
Shares Held 19,088
Market Value 206,341.28
% of Net Assets 4.01%
Name Ai Transportation Acquisition Corp
Ticker AITR
CUSIP G01490112
Shares Held 19,934
Market Value 206,316.90
% of Net Assets 4.01%
Name Spark I Acquisition Corp
Ticker SPKL
CUSIP G8316B100
Shares Held 19,934
Market Value 206,316.90
% of Net Assets 4.01%
Name Quetta Acquisition Corp
Ticker QETA
CUSIP 74841A105
Shares Held 19,934
Market Value 206,217.23

Top 10 Holdings

Data as of 06/20/2024
% of Net Assets Name Ticker CUSIP Shares Held Market Value
7.01% First American Treasury Obligations Fund 01/01/2040 FXFXX 31846V328 360,603 360,603.21
4.76% Golden Star Acquisition Corp GODN G4023C101 22,652 244,641.60
4.22% Four Leaf Acquisition Corp FORL 35088F107 19,934 216,881.92
4.17% Global Lights Acquisition Corp GLAC G3937F101 20,802 214,468.62
4.16% Inflection Point Acquisition Corp II IPXX G4790U102 20,260 214,148.20
4.14% Bukit Jalil Global Acquisition 1 Ltd BUJA G1676M105 19,934 213,094.46
4.01% Trailblazer Merger Corp I TBMC 89278D109 19,088 206,341.28
4.01% Ai Transportation Acquisition Corp AITR G01490112 19,934 206,316.90
4.01% Spark I Acquisition Corp SPKL G8316B100 19,934 206,316.90
4.01% Quetta Acquisition Corp QETA 74841A105 19,934 206,217.23

Keep up with the latest SPCZ news

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